Kazakhstan is building a $2.6-billion plant to produce polypropylene with a capacity of 500,000 tonnes per year, according to the ministry of energy, which said projects for the production of polyethylene terephthalate, methanol, polyethylene, butadiene and base oils are at various stages of development. The total cost of these projects is about $12 billion.

Russia-Kazakh cooperation in the petrochemical sector is also on the rise, the Kazakh energy ministry said in a press release.

Kazakh energy minister Nurlan Nogayev, who recently participated in the opening of the petrochemical forum in Russia’s Tatarstan republic, said that earlier this year, Kazmunaigaz and Tatneft, the largest oil and gas companies of Kazakhstan and Russia respectively, signed an agreement on the basic terms of interaction on the production of butadiene and its derivatives, a Russian news agency reported.

Investments in this butadiene project will be around $820 million, and the deadline for its completion is 2026, the ministry said, adding that plant's products will be supplied to Russia, Europe, Turkey and China.

Fibre2Fashion News Desk (DS)

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